Senior Italian politicians on Tuesday called for EU budget commissioner Gunther Oettinger to resign over an absurd comment in which he voiced the hope that the country's poor economic situation will keep populist parties out of government.

Anti-Brexit billionaire George Soros has urged the EU to transform itself into an association that countries like Britain would want to join. Soros said in a speech that Brexit was an immensely damaging process for both sides that would probably take more than five years to sort out. He warned the EU was facing an existential crisis on several fronts.

An Israeli official says Russian billionaire Roman Abramovich has received Israeli citizenship after his British visa was not renewed. The official, from Israel’s Immigration Ministry, said the Chelsea football club owner arrived in Israel on Monday. Israel grants automatic citizenship to anyone of Jewish descent.

One of the main unions behind a crippling truckers' strike in Latin America's largest nation on Tuesday called on its members to return to work, warning that failing to do so would erode hard-won gains.

Members of the Falkland Islands Legislative Assembly recently reviewed the portfolio system, having now been in post for six months. The resulting changes are designed to provide greater clarity in the detail of each portfolio, as well as to ensure equity for each portfolio holder.

The City has “huge concern” over the Brexit political debate being dominated by tariffs and goods rather than the UK’s majority services sector, a shadow minister has said. Labor’s Jonathan Reynolds said that any deal which does not cover services “is clearly a very bad deal for the UK”, noting that there was a “fairly hard ball position being played by the EU”.

Argentina is set to expand fresh beef exports to Asia, with Japan and China having already approved import deals, the country's agriculture minister said. Luis Miguel Etchevehere in Tokyo said that Argentina has signed a deal with the Japanese government under which Tokyo will authorize imports of fresh beef from Argentina by late July. His country has also inked a beef export agreement with Beijing.

The most prominent driver of oil prices over the next two years is not likely to come from OPEC, Iran or Venezuela, but rather in the shape of a shipping revolution, analysts have warned. New rules coming into force in approximately 18 months' time are seen as a source of great concern for some of the world's biggest oil producers.

New Zealand, which produces three percent of the world’s milk, announced this week its plan to cull about 150,000 cows to eradicate the disease Mycoplasma bovis. The largest mass animal slaughter in the country’s history will cost some US$ 612 million. If successful, it would be the first time an infected country has eliminated the disease-causing bacteria.